APDFX – Artisan High Income Advisor Investment Strategy | Morningstar

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Strategy

The investment seeks to provide total return through a combination of current income and capital appreciation. Under normal circumstances, the fund will invest primarily in instruments that are rated, at the time of purchase, below investment grade (below BBB- by Standard & Poor's Rating Services ("S&P") or Fitch, Inc. ("Fitch") or below Baa3 by Moody's Investors Service, Inc. ("Moody's")), or comparably rated by another nationally recognized statistical rating organization ("NRSRO"), or unrated but determined by Artisan Partners to be of comparable quality.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
ARTFX	Artisan High Income Fund Investor Shares	No Load	Limited			Mar 19, 2014	$586.49M	0.950%	High	$1,000	−$129.55M
APDFX	Artisan High Income Fund Advisor Shares	Institutional	Limited			Mar 19, 2014	$4.05B	0.800%	High	$250,000	$301.77M
APHFX	Artisan High Income Fund Institutional Shares	Institutional	Limited			Oct 3, 2016	$6.87B	0.700%	Average	$1M	$949.47M

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